Stocks And Precious Metals Charts - The Synthesis And Financialization Of Nearly Everything

"Ordinarily, the financial risk in a market, and hence the risk to the economy at large, is limited because the assets traded are finite. There are only so many houses, mortgages, shares of stock, bushels of corn, [bars of silver], or barrels of oil in which to invest. 

But a synthetic instrument has no real assets. It is simply a bet on the performance of the assets it references. That means the number of synthetic instruments is limitless, and so is the risk they present to the economy...

Increasingly, synthetics became bets made by people who had no interest in the referenced assets. Synthetics became the chips in a giant casino, one that created no economic growth even when it thrived, and then helped throttle the economy when the casino collapsed."- US Congressman Carl Levin, Wall Street and the Financial Crisis: The Role of Investment Banks, April 27, 2010

"The principal inventors, hustlers , borrowers and culprits were the nation's 15-20 largest and best known financial institutions - including the ones that keep making headlines by demanding more bail-out money from Washington and giving huge bonuses.These same institutions got much of the early bail-out money and as of December 2008 they accounted for over half of the bad assets written off. The reason these needed so much money is that they government had let them merge, speculate, expand and experiment on dimensions beyond all logic.  

That is why the complicit politicians and regulators have to talk about $100 billion here and $1 trillion there even while they pretend that it's all under control and that the run-amok financial sector remains sound." - Kevin Phillips, The "Disaster Stage" of U.S. Financialization, April 7, 2009

Stocks ripped higher today, as traders reconsidered the as-of-yet unknown impact of the Omicron variation in the covid virus. 

VIX thereby declined, but still remains elevated.

The Dollar was slightly higher.

Gold and silver were under some pressure after rallying overnight.

There will be a Non-Farm Payrolls report on Friday.

Read this: Wall Street Has Deployed a Dirty Tricks Playbook Against Whistleblowers for Decades.

And who could have seen it coming?

Have a pleasant evening.

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Disclosure: Information in “The Felder Report” (TFR), including all the information on the Felder Report website, comes from independent sources believed reliable but accuracy is not ...

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